AMN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	1.41B EUR	1.25B EUR	708.97M EUR	605.83M EUR
Enterprise Value	1.79B EUR	1.67B EUR	925.15M EUR	1.38B EUR
Valuation Multiples
Trailing P/E	13.63x	11.94x	--	--
Forward P/E	38.9x	--	--	--
Price to Sales	0.41x	0.36x	0.21x	0.3x
Price to Book	1.91x	1.69x	0.99x	0.94x
EV/Revenue	0.52x	0.49x	0.27x	0.67x
EV/EBITDA	5.81x	5.43x	3.19x	10.01x
Price to FCF (P/FCF)	3.17x	2.86x	1x	4.01x
EV/FCF	4.01x	3.8x	1.31x	9.1x
FCF Yield	31.52%	35%	99.63%	24.95%